Jersey Mike's Is Taking Orders on Wall Street -- WSJ

By Shradha Dinesh

Jersey Mike's has gone public. Shares of the sub giant are due to start trading today on the New York Stock Exchange after about 43.5 million shares priced at $23 each yesterday. The company raised about $1 billion in its IPO.

It's no hyperscaler, but the restaurant chain is one of this year's most high-profile IPOs. The company is debuting with a valuation of nearly $8 billion, just 18-months after private-equity firm Blackstone took a majority-stake.

The company hopes loyal consumers will rally behind its 70-some years in the business, which has since grown to more than 3,000 locations.

Blackstone will retain control over the sandwich-maker, as just 13.7% of voting power will be transferred to shareholders post-IPO.

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(END) Dow Jones Newswires

July 30, 2026 12:03 ET (16:03 GMT)